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Gray Television GTN All Other Segments — Operating Income

Other segment segments

Broadcasting
$175M+53.5%
Production Companies
-$2M+66.7%

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Other financials

Income statement

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Revenue$839.0M+8.7%
Operating income$136.0M+65.9%
Net income$14.0M+125%
EPS (diluted)$0.21+130%

Balance sheet

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Cash & equivalents$176.0M-11.6%
Total debt$5.9B+4.0%
Total equity$2.1B-2.4%
Total assets$10.4B+0.8%

Cash flow

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Operating cash flow$123.0M+297%
CapEx$17.0M-32.0%
Free cash flow$106.0M+1,667%

Valuation

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Market cap$551.71M+6.8%
Enterprise value$6.26B+4.7%
P/S0.2×0.0×

Profitability

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Operating margin13.8%-7.3pp
Net margin-0.8%-6.5pp
FCF margin5%-15.0pp

Returns & leverage

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Return on equity-1.2%-10.6pp
Debt / equity2.8×+0.2×
Current ratio+0.1×

Where this comes from

Reported directly by Gray Television in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Gray Television’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 12:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001437749-26-026498
As of and for the six-months ended June 30, 2026:BroadcastingProduction / CompaniesOtherConsolidated
Programming633-66
Depreciation and amortization108111120
Other segment items(2)2173643296
Segment operating income (loss)$300$(6)$(77)$217
Other income (expense):
Miscellaneous income, net8
Interest expense(234)
Gain on early extinguishment of debt-

Item 1. Financial Statements

FAQ

What is Gray Television's all other segments — operating income?
Gray Television (GTN) reported all other segments — operating income of -$37M in Q2 2026.
How has Gray Television's all other segments — operating income changed year-over-year?
Gray Television's all other segments — operating income decreased by 42.3% year-over-year, from -$26M to -$37M.
What is the long-term trend for Gray Television's all other segments — operating income?
Over 3 years (2022 to 2025), Gray Television's all other segments — operating income has grown at a 2.4% compound annual growth rate (CAGR), from -$107M to -$115M.
What does all other segments — operating income mean?
Calculated as the total revenue of non-core segments minus their associated operating expenses, representing the core profitability of these secondary business units. A negative value indicates an operating loss, signaling that the segment is currently a drain on overall corporate profitability.

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